OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board. "Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after the...

OpenAI is reportedly planning to remove the non-profit structure and give CEO Sam Altman stake in the company which could be worth $150 billion.

SAN FRANCISCO : ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in a move that will make the company more attractive to investors.The Op

SAN FRANCISCO : ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in a move that will make the company more attractive to investors.

Sources say the company is considering becoming a public benefit corporation

Under plans that have attracted criticism, shift may give Altman 7% stake in the firm.

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

Microsoft-backed OpenAI reportedly is planning to restructure to become a for-profit organization and give CEO Sam Altman a massive stake.

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit ...

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders. The artificial intelligence company’s board is considering a decision that would change…

:OpenAI's chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made.In a statement, he said no specific figures have been discussed for any equity compensation for Altman.Reuters reported on Wednesday that OpenAI is work

OpenAI is working to restructure as a for-profit benefit corporation, Reuters reports.Its nonprofit would retain a minority stake — and possibly

AI powerhouse OpenAI, the developer of ChatGPT is contemplating significant changes to its corporate structure and ownership by transforming into a for-profit company while CEO Sam Altman consolidates his power as yet another high profile executive leaves the organization.

Sam Altman took the stage at Italian Tech Week and laid out his vision for the future of AI.He was speaking hours after the exit of CTO Mira Murati, the